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A cosigner can help you qualify for the FHA loan if you do not have good credit. However, if there are negative items like judgments, collections, etc. on your credit report, you will not get approved for the mortgage. In that case, a cosigner even with very good credit scores cannot help you qualify.

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Do you need a good credit score to get student loans? The answer depends on what type of student loan you’re borrowing with. Federal student loans don’t have credit requirements for students.. But if you’re turning to private lenders to finance your education, you’ll need to have your own good credit – or to find a student loan cosigner who does have good credit and is willing to.

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· There’s poor credit – and then there are credit scores that make it close, if not impossible, to borrow at all. If you need a personal loan, a credit score that’s 550 or less makes it difficult to qualify.

home equity versus line of credit uniform residentail loan application loan pre-approval what are the refinance rates today Compare HELOC Rates. Shopping for a HEL or HELOC When You Have Bad Credit. Because you’re securing the loan with a large asset (your home), people with poor or bad credit can qualify for a home equity loan or line of credit.

With a conventional loan, the minimum down payment is 5% but could also increase based on your credit score. You can also explore newer mortgage programs available for home buyers with lower income. The Freddie Mac Home Possible mortgage , for example, allows you to purchase a home with a down payment of just 3%.

· Advertiser Disclosure. Personal Loans Using a Cosigner to Get a Personal Loan. Monday, November 20, 2017. Editorial Note: The editorial content on this page is not provided or commissioned by any financial institution.

Reader question: "My mother was going to co-sign a mortgage for me, because I don’t have much of a credit history built up yet on account of not having any credit cards or loans.But I have good income, steady employment, and plenty of money saved up for my closing costs and down payment. I’m just wondering about the co-signer’s credit score, and how important it is.

Whether you have bad credit or not enough credit, getting a mortgage with a cosigner can be the answer you need.. Most lenders use the lowest middle credit score. consumers who do not have the minimum acceptable credit required by the lender are unlikely to be approved for mortgage.